Stay updated with breaking news from Pat valley. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
4.5%. risen by a quarter of a percent, that is from our economics editor, faisal islam, who has tweeted that. just getting that information in that, as expected, interest rates in the uk are now at 4.5%, up from 4.25%, a quarter rate rise. 0ur cost of living correspondent is watching these developments for us, kevin, news that will impact on so many people s lives for their mortgages and make life just that bit more difficult as they have seen those rate rises so many times, for the 13th time in a row? it many times, for the 13th time in a row? , ., . many times, for the 13th time in a row? ,., ,, many times, for the 13th time in a row? , ,,, row? it is not a surprise, but clearly the row? it is not a surprise, but clearly the impact row? it is not a surprise, but clearly the impact is - row? it is not a surprise, but clearly the impact is still - row? it is not a surprise, but| clearly the impact is still very real. it will make borrowing more expensive for many, m ....
Insight? faisal, can you give us some insiuht? ., , ., insight? that 12th interest-rate rise in a row. insight? that 12th interest-rate rise in a row, up insight? that 12th interest-rate rise in a row, up to insight? that 12th interest-rate rise in a row, up to 4.596, - insight? that 12th interest-ratel rise in a row, up to 4.596, widely rise in a row, up to 4.5%, widely expected. if you look at the detail of something else that got released today, this the monetary policy report for it. it is a quarterly health check of the economy. what we have seen some sharp changes to the forecast every three months, principally because energy prices have been so volatile, they were very high at £4 a firm, as the gas market calls it, and they ve gone down to a third of the pat valley right now. it has had a big impact on the economic forecast. that has been a significant. that sounds like great news, it was so bad in the previous forecast that it gets us to quite modest growth. that is a g ....